Electricity/electrification
AGL China Coal Critical minerals Decarbonisation Electricity/electrification Energy crisis Finance Sector & Emissions Hydrogen India & Adani offshore wind Renewables Taxes and subsidies US IRA/EU NZIA et al
A coal billionaire is building the world’s biggest clean energy plant and it’s five times the size of Paris
CNN
“[Gautam] Adani continues to walk both sides of the street,” said Tim Buckley, director of Sydney-based think tank Climate Energy Finance. The Adani Group is not only one of the largest developers and operators of coal mines in India, but also operates the controversial Carmichael Coal Mine in Australia, which has faced fierce opposition from climate change campaigners who say it is a “death sentence” for the Great Barrier Reef. “Rather than ploughing billions into new fossil fuel projects, India would be far better served if Adani put 100% of its efforts and resources into developing low-cost zero emissions technologies,” Buckley added.
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Power prices mostly heading down but some up, says Australian Energy Regulator
SBS
Many Australians could see a reduction in their energy bill prices, according to an announcement made by the Australian Energy Regulator. Yet despite the highly anticipated relief for households, experts say the government could be doing more to lower energy costs during the transition period to cleaner energy.
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Consumers to get “marginal” bill relief despite rooftop PV driving big falls in wholesale power prices
Renew Economy
Australian energy consumers risk benefiting from only a marginal fall in their electricity bills, despite a big plunge in wholesale electricity prices caused by the growth of renewables, and rooftop solar PV in particular.
The Australian Energy Regulator on Tuesday released its draft proposals for what is known as the Default Market Offer for 2024/25.
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Energy bill relief, but faster renewables shift needed to permanently slash prices
The New Daily
Sydney Ausgrid electricity consumers will see 3 per cent retail price declines for the new financial year starting 1 July 2024 under the Default Market Offer (DMO) draft ruling from the Australian Energy Regulator (AER) this morning, and small and medium enterprise (SME) customers a much more significant decline of 10 per cent. The default market offer is a maximum price that retailers are allowed to charge.
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Power bills set for a marginal drop
ABC Radio National PM
After two years of hefty increases… it looks like the price of power for consumers in the eastern states is set to drop. The Australian Energy Regulator has today released its draft decision on the nation’s main consumer price caps which are known as “default market offers”. It’s recommended the maximum retailers can charge drop by between one and ten per cent, depending on where you live and whether your bill is for a small business or private residence.
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Community benefits can be captured in renewables projects through local content requirements
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A coalition including leading union, investor, energy, industry and First Nations peak groups today called on the federal government to embed requirements for locally produced and supplied components into all renewable energy supply chain manufacturing and development. A measured, considered local content requirement (LCR) in CIS tenders will support the domestic clean energy and technology supply chains to mature.
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Is Southeast Asia set for a green energy revolution powered by small solar panels and EVs?
South China Morning Post
Tim Buckley, the Sydney-based director of the Climate Energy Finance think tank, said the adoption of DER systems, particularly rooftop solar panels, should be scaled up significantly in Asia to reach their potential. “DER is a massively underutilised resource, particularly for land-constrained nations who have good solar resources like India and others in Asia,” Buckley said. Citing an example in Denmark, Buckley said construction is under way to build the world’s largest solar rooftop power plant. When completed, the plant on top of a logistics centre in the city of Horsens will have 35 megawatts of capacity, equal to a typical solar farm.
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VIDEO| Is China the New Superpower?
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On the Planet A podcast dive into the world of renewable energy and decarbonization with Tim Buckley, Director of Climate Energy Finance – an engaging discussion on the future of energy, global energy markets, and how we are becoming a multi-polar world.
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Energy Sector Calls For Community To Remain Engaged On Offshore Wind
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Climate Capital Forum member Satya Tanner in Port Stephens News of the Area new site, on the importance of communities remaining engaged in consultation on offshore wind in Australia.
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THE DRIVEN | Australian EVs could earn $12,000 in a single year with vehicle-to-grid tech
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A new report from the Australian Renewable Energy Agency (ARENA) has found that a fleet of EVs used to supply Frequency Control Ancillary Services (FCAS) to the National Energy Market (NEM) could generate revenue of up to $12,000 per vehicle in a single year.
Tim Buckley from Climate Energy Finance says the new study’s findings can’t be overstated.
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The Sector | Big savings for ECEC services who install rooftop solar, Parents for Climate Change note
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According to Climate Energy Finance founder and director Tim Buckley, “A full rollout of solar on schools and early childhood centres would be the largest renewables project in Australia’s history, providing distribution-level grid stability opportunities, particularly as battery systems become more cost competitive.” “The rooftop solar potential of the early childhood and school sectors should be a key part of the national effort to at least treble the existing 20 GW of cumulative rooftop solar capacity to the 60GW target for the NEM by 2040 (and 85GW by 2050 or 100GW including Western Australia and the Northern Territory) as modelled in the Australian Energy Market Operator’s Integrated System Plan,” he added.
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Preschool saves with solar, and kids are learning about the Earth
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The St George & Sutherland Shire Leader reports a preschool at Oyster Bay has ‘gone green’ for the environment. The Point Preschool has installed rooftop solar to keep energy bills down. Preschool Director Catherine Lee says the centre’s power bills have been in negative territory since installing a large system in 2023. The NSW Government is piloting a program in state schools to install air conditioning powered by rooftop solar, but the support isn’t being stretched to the early childhood sector, Climate Energy Finance Founder and Director Tim Buckley, said.
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